Earnings call transcript: Wesfarmers H2 2026 profit rises 8.3% as shares slip

Wesfarmers reported an 8.3% rise in full-year net profit to AUD 2.9 billion in its H2 2026 earnings call, with Bunnings, Kmart Group and WesCEF driving growth. Officeworks experienced a dip due to transformation costs. The company increased its total dividend by 7.8% to AUD 2.22 per share, fully franked. Pre-market trading saw the stock fall 1.38% to $82.12, below its 52-week high of $94.7 but above the low of $70.8.

Despite the slight decline, InvestingPro data suggests the stock remains undervalued. Group operating cash flow rose 15.8% to AUD 4 billion, supporting dividends and investments. Wesfarmers aims to navigate higher borrowing costs and consumer pressure through disciplined execution and customer focus.